Dear all,
This has reference to the recent rules pertaining to the Signaiifcant Benificial Owner . We are Pvt. Ltd. Co. 100% subsidiary of the Japanese Company which is listed Co. on tokyo Stock Exchange. No individual holds more than 4% in the said Listed japanese Co. , One Co. say X holds around 45% of the shares in our parent Company but the X companies shareholding details does not appear anywhere. We know that parent's co. chairman has floated our papernt Company and he must be the mejor shareholder of the X company and thereby stands as ultimate benificial owner of the Co.
but before asking for the dteials I just wanted to confirm wherher Significant Benificial Owner rules does apply to us? Do we need to mention the details of the ultimate holder of the Company.
Please reply.
CAclubindia
